NCLAT stays insolvency proceedings against Vikram Solar

Nclt Insolvency AdmittedCourt Stay ObtainedRegulatory & Legal View source PDF

VIKRAMSOLR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹187.99

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₹195.00

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AI summary

NCLAT has stayed the NCLT Kolkata order that admitted an insolvency petition filed by Isitva Steels Private Limited against Vikram Solar under Section 9 of IBC. The stay pauses the corporate insolvency resolution process and the interim resolution professional cannot take further steps until the next hearing. The company says it is solvent, with FY26 revenue of INR 4,802.25 crores and profit-after-tax of INR 470.42 crores. It has no long-term debt and a debt-to-equity ratio of 0.03.

Likely market impact

Positive for shareholders — insolvency process paused, company highlights strong FY26 earnings, zero long-term debt and healthy liquidity.